Download or read book The Economics of the Profit Rate written by Gérard Duménil and published by Edward Elgar Publishing. This book was released on 1993 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text assesses the impact of the profit rate on modern economies, its role in the allocation of resources among industries, its influence on business fluctuations, and its relation to accumulation, technological change and wages.

Download or read book The Falling Rate of Profit in the Postwar United States Economy written by Fred Moseley and published by . This book was released on 1991 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rate of Profit Distribution and Growth written by J.A. Kregel and published by Routledge. This book was released on 2017-09-05 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: A controversy among economists has raged in the pages of professional journals for the last decade. The debate concerns capital theory and distribution theory, as well as interpretation of models of long-run economic growth. This book is an attempt to integrate recent developments in capital theory and show their implications for models of long-run economic growth in mature capitalistic countries.This book first presents the von Neumann model and outlines its classical approach to the rate of profits and distribution. Sraffa's resolution of the value-price transformation problem is then presented and compared with Samuelson's ""Surrogate Production Function"". With the results of this comparison and the delineation of the special case in which the ""Surrogate"" is valid, several existing models of growth are set out in two representative groups.Neoclassical models form the first group. These are defined by their reliance on marginal theory to determine factor prices, the rate of profit and therefore distribution via the perfectly differentiable production function. Models of Meade, Tobin, Solow, and Samuelson- Modigliani are outlined and analyzed for their treatment and distribution and profits theory. The second group is comprised of models within the strict Keynesian tradition. The basic groundwork of these models as found in the work of Keynes and Kalecki is first cited. The Keynesian models are characterized by their assumption that the investment decision is totally independent of savings decisions in the economy. The models of Harrod, Kaldor, Pasinetti and Joan Robinson are presented and their method of approach to the rate of profits and distribution is analyzed.The concluding chapter focuses on some criticisms brought against the Keynesian models and offers some generalized formulations to deal with these neoclassical objections. General conclusions follow the treatment of each representative group and author.

Download or read book The Economics of the Corporate Economy written by James B. Herendeen and published by Ardent Media. This book was released on 1975 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Growth Profits and Property written by Edward J. Nell and published by CUP Archive. This book was released on 1979 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays is designed to illustrate the variety, complexity and power of non-neoclassical economic thinking. The essays define the fundamental questions differently, employ different analytical tools and arrive at different conclusions. The two strands of non-neoclassical thinking that occupy most of the book are the neo-Keynesian and the neo-Marxian. The bulk of the book is composed of essays on microeconomics, macroeconomics, trade, comparative systems and welfare, with an unusual section on property rights and social hierarchy.

Download or read book Wages Profit Taxation written by Péter Erdős and published by . This book was released on 1982 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the theory of value, the trading value of money and price levels, short and long term nominal and real wages; profit theory; non-productive employment and taxation; and stagnation and inflation.

Download or read book The Profit Paradox written by Jan Eeckhout and published by Princeton University Press. This book was released on 2022-10-25 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.

Download or read book A Theory of Profits written by Adrian Wood and published by CUP Archive. This book was released on 1975-11-13 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Falling Rate of Profit and the Great Recession of 2007 2009 written by Peter H. Jones and published by BRILL. This book was released on 2021-04-06 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter H. Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels’ work generally for a democratic socialist strategy.

Download or read book Profit Accumulation and Crisis in Capitalism written by Minqi Li and published by Routledge. This book was released on 2020-01-31 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Karl Marx hypothesized that there is a long-term tendency for the profit rate to fall in capitalist economies. Immanuel Wallerstein hypothesized that capitalist development tends to drive up labor cost, material cost, and taxation cost. This book evaluates Marx’s and Wallerstein’s hypotheses by studying the long-term movement of the profit rate and contributing factors in major capitalist economies. During the twentieth century, leading capitalist economies largely succeeded in stabilizing the profit rate. However, the current decline of the profit rate in China may precipitate the global capitalist economy into a new major crisis. As economic growth slows down in all major capitalist economies, Marx’s original hypothesis may be verified by the global economic events in the twenty-first century.

Download or read book Wages Price and Profit written by Karl Marx and published by Good Press. This book was released on 2021-04-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Wage-Labour and Capital" was derived from Marx's lectures to the German Workmen's Club of Brussels in 1847, during a period of great political upheaval. The relationship between wage labor and capital is a central concept in Marx's political economy analysis. This book is essential for understanding the evolution of Marxist theory.

Download or read book International Perspectives on Profitability and Accumulation written by Fred Moseley and published by . This book was released on 1992 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Has the rate of profit been falling the US or other industrialized countries? What are the factors that are directly responsible for its increase over time and what factors account for its decline? The rate of profit is one of the most important economic variables. It directly affects the rate of growth of an economy, both as a source of funds for new investment and as an inducement for new investment. It also has a direct bearing on the distribution of income within an economy, particularly between wage earners and owners of capital. Its movement over time is thus a major source of concern for the business community, the working populaton and public policy. The present volume aims to fill an important gap in the literature on this important economic and policy issue.

Download or read book The Economics of Karl Marx written by Samuel Hollander and published by Cambridge University Press. This book was released on 2008-04-07 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: An account and technical assessment of Marx's economic analysis in Capital and other documents, with particular reference to the transformation and the surplus-value doctrine, the reproduction schemes, the falling real-wage and profit rates, and the trade cycle.

Download or read book Macroeconomic Inequality from Reagan to Trump written by Lance Taylor and published by Cambridge University Press. This book was released on 2020-08-20 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.

Download or read book Macroeconomics of Climate Change in a Dualistic Economy written by Sevil Acar and published by Academic Press. This book was released on 2018-01-25 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth. These insights are generalize-able and applicable worldwide. The authors overcome existing limitations in general equilibrium modeling. By concentrating on tensions between green growth and dualism, they consider the global efforts against climate change and opposition by specific countries based on economic development needs. Using Turkey as their primary example, they address these two most discussed and difficult issues related to policy setting, blazing a path for those seeking an applied economic research framework to study such economic considerations. - Couples a CGE climate change mitigation policy analysis with a dual economy approach - Presents methods to model and assess policy instruments for mitigating climate change - Provides data sets and models on a freely-accessible companion website - Offers a path for those seeking an applied economic research framework to study economic considerations

Download or read book Understanding Marx s Capital A reader s guide written by Adam Booth and published by Wellred Books. This book was released on 2019-07-11 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marx's Capital was a book that revolutionised political economy and for the first time opened our eyes to the real workings of capitalism. It was, however, met with a wall of silence from the mainstream economists and the establishment. Despite this, Capital became regarded in the workers' movement as the Bible of the working class... The aim of this book, written by authors from the International Marxist Tendency, is to help guide readers through the pages of volume one of Capital; to bring out the main themes and ideas contained within it; and to discuss the relevance of this great Marxist classic in terms of understanding the crisis-ridden world around us today - and, most importantly, how we can radically transform it.

Download or read book The Power of Profit written by Ali Anari and published by Springer Science & Business Media. This book was released on 2009-12-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can business leaders make better production and capital investment decisions? How can Wall Street analysts improve their predictions of future stock market values? How can government improve macroeconomic forecasts and policies? In The Power of Profit, Anari and Kolari demonstrate how profit measures can be applied as the basis for these and many other applications of economic, policy, financial, and business analysis. The underlying theme of the book is that profitability is the driving force in free market economies. Firms invest in capital, produce goods and services, and generate sales in an effort to reap profits. Firms that are unprofitable exit the marketplace and are replaced by profitable firms. Despite the crucial importance of profits, however, there is no formal model that directly relates profits to capital formation and output. Previous studies over the past 100 years on profit and the economy are mainly descriptive in nature, without any well-specified model grounded in microeconomic theory. Filling this gap, the authors present a profit system model of the firm grounded in basic accounting relationships in addition to the well-known Cobb-Douglas production function, which can be applied to individual firms, industries, and the business sector as a whole. Through rigorous data analysis, the authors show how the profit system modelcan be applied to: modeling the U.S. business sector and national economy forecasting output, capital stock, total profit, profit rates, and profit margins examining the relationships among profitability, economic growth, and the business cycle simulating the effects of potential monetary policy changes on the business sector and national economy valuing the Standard & Poor’s stock market index as well as individual firms. The result is a model that integrates microeconomic and macroeconomic factors and that can be widely applied in business and economic decisions, policymaking, research, and teaching.